Forex recommendations are offered by the major bank’s currency research teams and by many independent research houses. Many of these sources offer free recommendations to the public.
There are many levels of recommendations. Some of the system developers offer signal services, where the recommendations are for trading calls. On the other end of the spectrum there’s advisory services, which offer full service advisory (for corporations mainly) on all things related to forex.
How to Choose a Source for Forex Recommendations
All of the forex recommendations are based on predictions on where the currency pair is going.
To get most out of the recommendations, you need to know the details of the analysis. For example, if you get currency research papers from the major investment banks, you’ll see that the recommendations are based on a variety of factors.
If you subscribe to one of the companies offering FX recommendations based on technical analysis, you’ll feel more confident on the recommendations by knowing what rules the technical analysis recommendations are based upon.
To get recommendations from banks with currency research departments, ask your customer dealer to add your details to the research analysts' research mailing list.
Forex Recommendations – Advisory Services
Almost all of the biggest banks offer forex advisory services. These divisions offer expertise and execution capabilities to handle all of the bigger forex-related transactions.
Some of these teams work within or in close co-operation with other teams in the bank, such as with bond origination department. The forex advisory department usually will also help companies to build forex-related investment portfolios.
There are nowadays advisories for small businesses and individuals as well. These advisories normally will offer their services for currency trading related transactions without the capability to handle more complex assignments across investment products.
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